Singapore's retail sales increased for the second straight month in April, though at a slower pace, preliminary data from the Department of Statistics showed on Thursday.
Retail sales rose 0.3 percent year-on-year in April, following an upwardly revised 1.3 percent rebound in March.
Sales excluding motor vehicles increased 0.8 percent from last year versus a 0.9 percent gain in the prior month.
The slowdown in growth was mainly due to a 10.6 percent lower sales at petrol service stations and a 10.3 percent slump in sales of wearing apparel and footwear.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.